Pengaruh Inflasi, Suku Bunga, dan Nilai Tukar Terhadap Harga Saham Perusahaan Pertambangan Periode 2019-2021

Abstract

The development of world capital markets has a positive impact on the country's economy. In the capital market there is stock trading which helps companies in obtaining capital. The price of shares that are traded has different price changes that can go up or down. The movement of stock prices every day increases or decreases. Factors that can cause price changes are macroeconomic conditions, such as economic inflation, changes in exchange rates and interest rates. The purpose of this research was to describe the effect of exchange rates, interest rates and inflation on the value of stock prices in a mining business entity for the 2019-2021 period. In the research conducted, there are several supporting data, namely secondary data, which is data obtained from an official website, such as the website of the Central Statistics Agency (BPS), IDX, and BI. Data were obtained using a purposive sampling technique with criteria for 2019 to 2021. Testing variable data in this study used the eviews 12 application. The test used was the panel data test, in the form of a partial test (t test), simultaneous test (f test), and a coefficient of determination (R2). Then in carrying out a research conducted, it is known that inflation has an effect but not significantly on the share price of a mining business entity, interest rates do not have a significant effect on the share price of a mining company, and the exchange rate has a significant effect on the share price of a mining company. 
 Keywords: Inflation, Interest Rates, Exchange Rates, Stock Prices